A federal judge approved the deal a month ago, saying the federal agency did not sufficiently prove that the merger would harm competition and consumers.
The government could still appeal a court ruling allowing the merger. In the meantime, the two companies can close their deal.
Antitrust experts say the enforcement of laws governing mergers should be updated to reflect major changes to the economy over the past 40 years.
AT&T’s court victory in its bid to buy Time Warner is the starting gun for a raft of media mergers that could upend the industry.
The Federal Reserve is expected to raise interest rates, and the European Central Bank will discuss tapering its stimulus. The U.S. will release its list of tariffs on Chinese goods.
Wall Street seems to have decided that the companies will prevail in their antitrust fight with the Justice Department. That’s no sure thing.